AIICO BALANCED FUND NEWSLETTER – OCTOBER 2021
OVERVIEW AIICO Balanced Fund is an open-ended mutual fund, investing in Fixed income instruments, Money market instruments, and both Quoted and Unquoted equities. FUND PERFORMANCE The positive performance of the fund was sustained in October. The fund…
FINANCIAL MARKETS TODAY – 02 November 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity improved significantly today, with a credit balance of ca ₦191.95 billion, better than yesterday’s deficit balance of ca -₦9.24 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) rates…
Monthly Financial Market Update – October 2021
Macroeconomic Review Global Crude Oil Prices Soar on Energy Supply Concerns and OPEC+ Decision International benchmark Brent crude prices soared through October, just as industries began to recover fully from the effects of the last year’s demand dip…
FINANCIAL MARKETS TODAY – 01 November 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity remained low, opening with a negative balance of ca ₦9.24 billion, better than Friday’s balance of ca -₦14.49 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended significantly…
FINANCIAL MARKETS TODAY – 29 October 2021
Interbank system liquidity improved slightly, opening with a deficit balance of ca ₦14.49 billion, better than yesterday’s balance of ca ₦210.19 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended higher at 18.00% and 18.50% from 14.80% and…
FINANCIAL MARKETS TODAY – 28 October 2021
Interbank system liquidity contracted further today, opening with a deficit balance of ca ₦210.19 billion lower than yesterday’s balance of ca ₦11.94 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended higher at 14.80% and 15.25% from…
FINANCIAL MARKETS TODAY – 27 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity retracted today, opening with a deficit balance of ca ₦11.94 billion lower than yesterday’s balance of ca ₦0.78 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended lower by 10bps…
FINANCIAL MARKETS TODAY – 26 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity improved significantly today (buoyed by OMO maturities and coupon payments worth ca ₦91.00 billion and ₦115.00 billion), opening with a credit balance of ca ₦0.78 billion higher than…
FINANCIAL MARKETS TODAY – 25 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity slightly improved today, albeit still in a deficit at ca ₦243.37 billion, lower than Friday’s negative balance of ca ₦281.85 billion. Thus, the Open Buy Back (OBB) and Overnight (ON) trended…
FINANCIAL MARKETS TODAY – 22 October 2021
FIXED INCOME MARKET Money Markets Interbank system liquidity slipped into a deficit, opening with a balance of ca -₦281.85 billion, significantly lower than yesterday’s balance of ca ₦67.51 billion. This was due to the settlement of the bond auction,…
